Midday update for Crude oil 11-07-2018
Economies.com
2018-07-11 09:23AM UTC
Crude oil price settles around the EMA50, and the price keeps its stability above 72.89, while stochastic reaches the oversold areas.
Therefore, our positive overview will remain valid for today, which targets 76.80 areas initially, while breaking 72.89 represents negative factor that will push the price to start bearish correction on the intraday basis.
Expected trading range for today is between 72.50 support and 75.50 resistance.
Expected trend for today: Bullish
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